NW_20020116_en_VASCO significantly expands Partner Network

January 16, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – January 16, 2002 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that it has added 16 Solution Partners and 25 Channel Partners to its impressive “VASCO Ready Partner Network.” In one year’s time, VASCO’s Solution Partner Network expanded with 94%, from 17 to 33 companies. In the same period, VASCO’s Channel Partner (Reseller) Network grew with 31%, from 79 companies at the end of 2000 to 104 enterprises at the end of Q4 2001.
VASCO Solution Partners are industry and sector leaders who have aligned their systems and products with VASCO’s Digipass and/or Vacman families of products in order to provide customers with best-of-breed total solutions. VASCO works with major industry leaders across multiple architectures and operating systems. In 2001, VASCO joined forces with Europay-Mastercard, Entrust (ENTU), Netegrity (NETE), Cryptomathic, Cyota, Single Source, Politzer & Haney, Stratus, Teltronics (TELT), Transale, Funk Software, uRoam, Swift, On The Go, e-Banking Solutions International and EB2B.
VASCO Channel Partners invest resources to support, resell, and market VASCO products. They are totally or partially focused on reselling security solutions through security experts and offer a range of additional security services. Channel Partners joining VASCO’s network in 2001 are Dolphin Group; Expersoft; G2 Security; ICN; ICR; Infotop; IR Networks Solutions; Local Area Network Engineering; MDS; Novabase; Oxstrad; Probitas; SenSecurity; Smartaxis; Softnet; Technology in Management; Attel; CDH; Secunet; Santa Barbara; STS Group; T&A Systemen; HITS; Teltronics Inc; Hitech El.
“The `VASCO Ready Partner Program’ is a very efficient tool for ensuring long term recurrent revenue and profitability” said Jan Valcke, Executive Vice President of Sales and Marketing of VASCO. “Via those companies, be it Solution or Channel Partners, VASCO penetrates markets and wins contracts that we alone would only gain after investing large amounts of time and money. To become a VASCO Partner, a company must have market leadership and vision and be totally focussed on quality and customer service. We are proud to be allied with 137 companies that we share these values with.”

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and VACMAN® products offers end-to-end security through strong authentication and digital signature, enterprise Single Sign-On, and LAN security, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.com.

Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information contact:

Jochem Binst, +32 2 456 9810, [email protected]

Investor Relations:
Annemieke Blondeel, USA +1 630 932 8844, Europe +44 208 298 99 60, [email protected]